Oil, Gas & Mining

The following text is a 25-page overview of the Syrian Oil & Gas industry by Samir Seifan, one of the best experts on Syria’s energy sector.
Gulfsands Petroleum has announced that it has entered into a strategic partnership with Cham Holding to develop together oil and gas projects in Syria and potentially Iraq.
Syria's production of crude oil will drop to an average of 360 000 barrels of oil per day in 2008, according to the Minister of Petroleum and Mineral Resources, Sufian al-Allao.
Loon Energy, the Ministry of Petroleum and Mineral Resources and the Syrian Petroleum Company (SPC) signed on September 20 a Production Sharing Agreement for Block 9.
Tanganyika Oil Company has denied that it was selling its assets in Syria for an estimated amount of USD 1.5 billion.
Tanganyika Oil Company will increase development works at its fields in north-eastern Syria after the sale of its assets in Egypt.
A joint-venture of two Indian companies has bid for exploration rights on Block 14.
Production at fields redeveloped by Dublin International Petroleum Syria Ltd (DIPL) stood at 9 266 barrels of oil a day in the second quarter of this year according to a statement from the company.
Gulfsands Energy has announced that it will extend exploration works in Block 26 after the end of the initial phase of its production sharing contract (PSC).
Rami Makhlouf and Nizar Assaad, two of Syria’s most prominent businessmen, are investing together USD 23.2 million in an independent UK-based oil company with operations in Syria.
Syria’s production of crude oil reached 382 300 barrels a day in the first quarter of this year, according to the Ministry of Oil.
The Ministry of Oil is organising a one-day meeting in London to promote offshore investment opportunities.
Shell will devise a master plan for the development of the gas sector in Syria, following an agreement signed between the Anglo-Dutch firm and the Ministry of Petroleum.
Gulfsands Petroleum has announced that drilling and initial testing operations on the Khurbet East well had encountered four significant hydrocarbon bearing reservoirs.
Crosco has announced that it had signed an extension to its contract with Gulfsands Petroleum for drilling services


Tax Revision Committees
Damascus Chamber of Commerce
The Green Economy
Damascus Chamber of Commerce